555 W Granada Blvd - Medical CONDO FOR SALE


Ormond Beach, FL 32174- Outer Ormand Beach
$139,000 USD
386-846-9150
555 W Granada Blvd, Ormond Beach, FL for Sale
$139,000 USD
Medical CONDO - FOR SALE
1/35
null | 11.6% Cap Rate

555 W Granada Blvd
Ormond Beach, FL 32174
Outer Ormand Beach


HIGHLIGHTS

  • Located in the desirable Boulevard Executive Park along Granada Blvd, a main commercial corridor in Ormond Beach.
  • Versatile B-9 zoning allows for multiple business types including spa, salon, medical, and professional office use.
  • Recently updated interior offers a modern aesthetic including new flooring and accessible restrooms.
  • Functional layout featuring reception area and multiple private rooms suitable for various services.
  • Ample on-site parking with easy ingress/egress and excellent street visibility.
  • Close proximity to established local retailers, restaurants, and professional service providers enhances convenience.

OVERVIEW

Excellent opportunity to acquire a 784± SF executive office condominium in the heart of Ormond Beach. The suite is professionally configured with three private offices/treatment rooms, a welcoming reception area, private restroom, kitchenette, new flooring, and secure keypad entry. The property is currently operating under a multi-tenant gross lease model, generating immediate cash flow with two leased suites and an additional tenant sharing the owner's suite. Upon closing, the owner will vacate, creating an immediate value-add opportunity. The existing lease includes provisions allowing the shared tenant to convert to sole occupancy at an increased rental rate or vacate, providing flexibility for investors or owner-users. Located along the highly traveled Granada Boulevard corridor (approximately 35,000 AADT), the property offers outstanding visibility, ample common parking, and convenient access to I-95, US-1, and surrounding residential communities. Commercial Office zoning accommodates a wide range of professional uses including medical, chiropractic, aesthetics, massage therapy, counseling, insurance, legal, accounting, and general office. The condominium association provides exterior building maintenance, roof, landscaping, parking, water, sewer, trash, and master building insurance, resulting in predictable operating expenses. Current rental income is already established with additional upside through the conversion or lease-up of the owner's suite. Offering Memorandum available upon request.

FOR SALE DETAILS

PRICE

$139,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

11.6%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Income-Producing Executive Office Condo | Inv

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

32,751 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

B-9

APN/PARCEL ID

424126070120

ASK ABOUT THIS PROPERTY

Ursula MerrifieldNextierMore Info
386-846-9150

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Ursula MerrifieldNextierMore Info
386-846-9150

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.